Neuberger Berman, a private, independent, employee-owned investment manager, announced the acquisition of Almanac Realty Investors.
The addition of Almanac deepens Neuberger Berman’s real estate solutions, complementing public REIT strategies of $1.8 billion, including the Neuberger Berman Real Estate Fund, real estate private equity secondaries, and public and private mortgage credit.
Almanac was founded in 1981 as Rothschild’s real estate unit and spun out in 2007 as an independent firm. Almanac’s primary strategy is to make investments in independent real estate firms seeking capital to fuel further growth. The firm is a member of Institutional Real Estate, Inc.’s iREOC program, with Josh Overbay serving on the organization’s investment manager council. Almanac has committed more than $5.5 billion of growth capital to 44 public and private real estate
